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ICE’s Hutcheson Talks Benchmarks and Assuming the Helm of ICE Clear Europe Feature,Video,video

“I think there’s a strong push from the regulatory side to make non-standardized business expensive. That has already started to bite in a number of asset classes but hasn’t really reverberated fully through the industry.” Finbarr Hutcheson, currently the president of ICE Benchmark Administration (IBA), will be taking over ICE Clear Europe later in the year when Paul Swann retires. In the meantime, Hutcheson still has plenty to focus on at IBA.  Opened for business in 2014, IBA maintains three key benchmarks: LIBOR, ICE Swap Rate (formerly ISDAFIX) and the LBMA Gold Price. But it is expanding into some non-benchmark…

Are Traders Creating a Bizarre New Feedback Loop?; Lies, Damn Lies, and Financial Statistics; ICE Clear Credit Expands Clearing for Global Financial Corporate Single Name CDS John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian It has been two years since Spencer Doar joined John Lothian News as an intern, then later becoming a full-time employee and integral part of the JLN Team. He has the second longest employment streak at the company of someone who is a Chicago White Sox fan. Not sure how that happened. Our survey prize went to Kevin Brennan of INTL FC Stone. Congratulations Kevin, I hope you enjoy your Amazon Echo. Thank you to all who participated in our survey. We greatly appreciate it. My friends at the Pathway to…

Has the blockchain hype finally peaked?; Launch of Consortium and Proof of Concept Testing for Capital Market Infrastructure Utilizing Blockchain Technology; RBS Falls on BOE Stress Test Failure, Plan to Shrink Further John Lothian Newsletter,Newsletter

First Read Blockchain That Makes Sense: How Post-Trade Digital Ledger Technology Will Make Banks And Brokers Happy Jim Kharouf – JLN When you talk about the potential for digital ledger technology, words like revolutionary and transformative are often mentioned. Ray Kahn and Thorsten Peisl are not in the disruptor camp. Yet both left solid jobs in the financial markets and launched blockchain start-ups aimed at bringing new efficiencies to the marketplace. Their message about blockchain was clear at the World Federation of Exchanges annual meeting in Cartagena, Colombia this month. Yes, blockchain is coming. No, it’s not going to turn…

John Lothian Newsletter: CFTC Closes U.S. Banks’ Loophole on Swaps; Why the Law Failed to Punish Wrongdoers in the Financial Crisis; Barchart names Mark Haraburda as CEO John Lothian Newsletter,Newsletter

First Read MarketsWiki Education World of Opportunity Series 2016 Schedule Announced4th Annual Education series will stop in four cities in 2016; CME Group returns as Global Premier sponsor Do you want to help the next generation? The 4th Annual MarketsWiki Education World of Opportunity series is coming to five cities in 2016, including Chicago on July 12th, 14th and 15th, New York on July 19th and London, Paris and Frankfurt in late October. Interns, new employees and anyone interested in learning more about the past, as well as present opportunities and careers in the capital and derivatives markets should attend….

John Lothian Newsletter: Banker Accused of $25 Million Fraud Arose From a Gilded Legacy; U.S. judge rejects 14 banks’ bid to throw out rate-rigging lawsuit; Bats to Provide Market and Trade Data to Money.Net John Lothian Newsletter,Newsletter

First Read A Most Interesting Charity Challenge Without Cold Water By John J. Lothian I have a challenge for the readers of this newsletter that does not involve cold water, but does include a donation to the Futures For Kids charity. The week before the FIA Boca Raton International Conference news broke that Dos Equis spokesman Jonathan Goldsmith, known as “The Most Interesting Man in the World” was being replaced by the beer maker with a younger replacement. You could be the next MIMITW. Here is the plan. You need to shoot and share with us an audition video for…

John Lothian Newsletter: Market fears are feeding on themselves; Exchanges warn against giving brokers power over key decisions; Swedish Bank Move Creates a Global Shudder John Lothian Newsletter,Newsletter

First Read Five-Decade Market Pro Who Called Bond Rally Sees 1% U.S. Yields Andrea Wong – Bloomberg Gary Shilling sees Treasury gains as global rates go negative; Former Merrill Lynch top economist says this cycle is unique A year ago, with U.S. equities approaching record highs and the Federal Reserve moving toward raising interest rates, Gary Shilling was a lonely voice on Wall Street predicting financial-market gloom in the 12 months ahead. goo.gl/IoHWsq ***** I am just hoping to get a 3% 30-year mortgage soon.That would be the rate my parents had for the house I grew up in. ++++…

Smalls and Mediums: Richard Sandor Looks To Transform The Small and Mid-Tier Bank Sector – Part 2 Interview

(Scroll down to view the entire story or click here to view the story on Sway.) Richard Sandor has introduced markets to everything from interest rate futures to greenhouse gas derivatives over the past 40 years. Now he’s shifted his attention to small and mid-sized banks with a new exchange platform called the American Financial Exchange. In Part 2 of our exclusive interview with John Lothian News, Sandor explains why this is the right time launch the exchange, how similar it is to launching bond futures in the 1970s and the plan for AFX going forward.       

All Smalls and Mediums: Richard Sandor Looks To Transform The Small and Mid-Tier Bank Sector (Part 1) Interview,Video

For the past 40-plus years, Richard Sandor has created some of the most successful products in the modern era of financial markets, from interest rate futures to greenhouse gas derivatives. Now he shifted his attention to small- and mid-sized banks with a new exchange platform that could transform the way in which banks lend, borrow and set interest rates for themselves. Sandor, often called the father of financial futures for his development the first interest rate contracts in the 1970s for the Chicago Board of Trade, has partnered with the Chicago Board Options Exchange and Northern Trust Bank to create…

John Lothian Newsletter: Client Margin Protections Should Be Recognized; CFTC Approves National Futures Association Rules Enhancing Protections for Retail Forex Customers; Welcome to a wild world of robot investing John Lothian Newsletter,Newsletter

First Read Bits & Pieces They call them the dog days of summer. We used to think that means sleepy and laid back. This month, it seems, it means we are working like dogs. Well, unless you are Jim Kharouf. Jim has been on holiday for the past two weeks, which added to the rest of our workloads. To be fair, though, Jim did put in a month of hard work before he left, finishing up three projects for John Lothian Productions, as well as a couple of editorial interviews. We will see him in the office for a few…